Tesco to build 4,000 homes

Tesco has revealed plans to build 4,000 new homes on land that was once earmarked for supermarkets.

Related topics:  Business
Warren Lewis
22nd July 2014
Business

 
The company has scheduled the construction of the homes on its land by 2017. This will primarily be in the South East of England, with schemes in Welwyn Garden City and St Albans, although developments are also planned in the North and West of England.
 
A Tesco spokesman said: “We are currently working on plans for over 4,000 homes across the UK, either by building them ourselves or selling our sites to housing developers.
 
In places where we have already delivered housing schemes, for example in Faversham or Highams Park, the feedback from local communities and councils has been very positive. We are pleased to be bringing new investment to communities up and down the country and playing our part in meeting local housing needs over the coming years.”
 
Tesco said the development strategy is in response to changing customer shopping habits.
 
The spokesman said: “We have decided to reduce the amount of new store space we build each year, building fewer large stores. Where we no longer intend to develop sites, we sell them, lease them or develop them for housing.”
 
The plans follow criticism of the retailer for hoarding land in the UK on which an estimated 15,000 homes could be built.
 

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